Corix Bioscience Inc. (CXBS)

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AHIT> IXB> CXBS Restricted


Corix Bioscience Inc.


https://www.marketwatch.com/story/10-q-american-housing-income-trust-inc-2017-05-15

On March 1, 2017, the Company entered into a Stock Exchange Agreement with IXB Biotechnology, Inc. ("IXB") whereby the Company issued 10,000,000 shares of its restricted common stock to IXB (the "IXB Shares") in exchange for all of IXB's issued and outstanding shares, resulting in IXB becoming a wholly owned subsidiary of the Company. The IXB Shares were issued on a pro rata basis to IXB's shareholders, resulting in a change in control of the Company. As a result of the IXB merger, the Company is expanding its businesses into other sectors, including cannabidiol (CBD) oil production.


https://www.marketwatch.com/story/10-qa-corix-bioscience-inc-2017-11-09

The Company currently operates through related-party/affiliate entities in holding title to those single family residences in its portfolio - American Realty, ARP Borrower, ARP Borrower II and AHIT Valfre, LLP, a limited liability partnership commonly referred to as an UPREIT, or operating umbrella partnership. The Company's commitment to raise additional capital, as set forth in the prospectus under its registration statement on Form S-11/A, underscores its intention of aggressively pursuing its short-term and long-term business plan. The Company believes it is still positioned to declare status as a real estate investment trust for tax year 2016. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns.